Billionaire to lead Russian political party

posted by
May 17, 2011
New York Times    
Posted in News, PND News

"Mikhail D. Prokhorov, the billionaire and owner of the New Jersey Nets basketball team, announced yesterday that he would lead a liberal Russian political party with close ties to the Kremlin. The decision, seven months before parliamentary elections, seems to be part of a Kremlin effort to provide an alternative for Russians disaffected with the country’s dominant political party, United Russia, while ensuring continued support for the ruling authorities." (05/17/11)  

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